Short Interest in ProShares Inflation Expectations ETF (NYSEARCA:RINF) Drops By 31.1%

ProShares Inflation Expectations ETF (NYSEARCA:RINF) was the recipient of a significant decline in short interest in the month of January. As of January 15th, there was short interest totaling 292 shares, a decline of 31.1% from the December 31st total of 424 shares. Based on an average daily volume of 1,878 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s shares are sold short. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 1,878 shares, the days-to-cover ratio is presently 0.2 days.

Hedge Funds Weigh In On ProShares Inflation Expectations ETF

Several hedge funds and other institutional investors have recently made changes to their positions in RINF. Bank of America Corp DE acquired a new stake in ProShares Inflation Expectations ETF in the 4th quarter valued at $54,000. Oppenheimer & Co. Inc. acquired a new stake in shares of ProShares Inflation Expectations ETF in the third quarter valued at about $227,000. Jane Street Group LLC raised its holdings in shares of ProShares Inflation Expectations ETF by 9.2% during the 2nd quarter. Jane Street Group LLC now owns 16,912 shares of the company’s stock valued at $553,000 after buying an additional 1,421 shares during the period. Finally, Belvedere Trading LLC purchased a new stake in shares of ProShares Inflation Expectations ETF during the 2nd quarter valued at about $2,675,000.

ProShares Inflation Expectations ETF Stock Performance

NYSEARCA:RINF traded down $0.05 during trading hours on Friday, reaching $32.29. 6,199 shares of the company were exchanged, compared to its average volume of 2,280. The stock has a 50 day simple moving average of $32.32 and a 200 day simple moving average of $32.52. ProShares Inflation Expectations ETF has a 52-week low of $31.53 and a 52-week high of $33.67.

About ProShares Inflation Expectations ETF

The ProShares Inflation Expectations ETF (RINF) is an exchange-traded fund that mostly invests in spreads alternatives. The fund tracks an index with long exposure to US TIPS and short exposure to US Treasurys of equal maturity, gaining when yields on Treasurys increase relative to those on TIPS. RINF was launched on Jan 10, 2012 and is managed by ProShares.